Month: March 2020

Here’s Why Bitcoin’s 15% Rally Could Fail Near The Key $6,500 Barrier

boss

Bitcoin is up more than 15% and it broke the $6,000 resistance against the US Dollar. However, BTC price is now facing a huge barrier near the $6,400 and $6,500 levels. Bitcoin managed to rise above the $5,800 and $6,000 resistance levels against the US Dollar. The price is up more than 15% and it is now approaching the key $6,500 resistance. There is a major bearish trend line forming with resistance near $8,000 on the daily chart of the BTC/USD pair (data feed from Kraken). The bulls are likely…

Is Bitcoin (BTC) a Buy After the Recent Market Sell-Off?

boss

The coronavirus pandemic has resulted in massive turmoil in stock markets across the world, and almost all asset classes have suffered due to the deep selloff over the past few days. The same has been the case with Bitcoin, the world’s biggest cryptocurrency by market cap, and over the past weeks, its price has declined quite dramatically. The cryptocurrency started off 2020 on a positive note, surging at a promising rate. However, over the past few weeks, it has tanked by 50%. Hedge Against Recession? One of the most important…

Credits Blockchain Platform Launches First Protocol-Based ICO

boss

The Credits project team announced on March 18 that the platform hosted the first ICO launched using its native protocol, as the FDCE (First Decentralized Commodities Exchange) platform launched its first investment round for the sale of the Metal Bonds Token Offering. The FDCE is a special platform designed for facilitating the mechanisms of making investments in “digital bonds” by investors from around the world. The platform offers investors a wide choice of world-class companies that will be placing their digitized shares for sale. Additional measures ensuring the low-risk nature…

Blockchain and AI Technologies Combined to Battle Coronavirus – Covid-19 as Immuno-Oncology Company Mateon Partners with Meridian IT to Fast Track Drug Manufacturing

boss

Sharing is caring! Immuno-oncology company that specialises in RNA therapeutics Mateon is teaming up with heavyweight development company  Meridian IT to branch into a novel application of AI neural networks and blockchain technologies that will ensure compliance with the FDA while ensuring ROI for manufacturers by slashing labour costs. But most importantly, it will fast track drug manufacturing, which is critical in fighting the current global Coronavirus – Covid-19 crisis.  “Meridian has been a fantastic partner on this groundbreaking project,” said Dr. Vuong Trieu, who serves as Mateon’s CEO. “We…

Bitcoin or Ethereum: Which is more Secure for Investment?

boss

It has been a decade since the cryptocurrencies have been making the headlines. Be it college or office; you must have come across the term “cryptocurrency”. The next question that follows “What is it?”. Answering these, cryptocurrencies are the digital money that is providing people with a new medium to transact without any third-party supervision. They work using the blockchains that add security to the transactions. A digital wallet is required to use these cryptocurrencies which one can get by approaching the Bitcoin wallet app development company. Investment on Cryptocurrencies:…

Blockchain Cryptocurrency Ripple Teams Up With Thai Remittance Payment Company DeeMoney

boss

Sharing is caring! Enterprise blockchain payment solution Ripple has cut a deal with Thai fintech company  DeeMoney, who specialise in remittance payments, also known as cross-border payments.  Deemoney is now processing live transactions, using Ripple’s global financial platform – a  payments network which comprises more than 300 financial institutions worldwide. This allows the company to offer more efficient international money transfers at the lowest fees and best rates. “Ripple is currently at the forefront of technology and compliance regulations. Its technology provides a single, automated system that speaks the same…

$50M ‘Blockchain for India’ Fund for Indian Startup Ecosystem Announced by Binance

boss

Sharing is caring! The world’s largest cryptocurrency exchange Binance has teamed up with their subsidiary exchange in India – WazirX, to announce a joint initiative $50 million (backed by BNB, BUSD, and WRX digital assets)  “Blockchain for India” (BFI) fund to support the development and growth of blockchain startups in India.  “Let’s invest in India,” said Binance CEO and Founder Changpeng Zhao (‘CZ’). ~ advertisement ~ The funds are meant to incubate and invest in blockchain projects and startups focused on solving industrial and social problems through the use of…

Crypto Lending Firm BlockFi Raising Interest Rates on BTC and ETH

boss

Clients of one crypto lending company may soon notice some changes in response to the recent drops in the market.  Starting on April 1, BlockFi will be raising the interest account rates on Bitcoin (BTC) and Ether (ETH).  According to CEO Zac Prince, BlockFi users holding between 0-5 BTC now will earn a 6% annual percentage yield (APY), while those with up to 500 ETH will earn a 4.5% APY. Stablecoins like the Gemini Dollar (GUSD) and USD Coin (USDC), will retain their 8.6% APY interest rates. Why are the…

Here’s Why Bitcoin Bears Must Wait for $6K Considering A Correction Is Due

boss

Bitcoin is showing signs of a decent recovery above $5,000 against the US Dollar. BTC price could recover further towards the $6,000 resistance, where the bears are likely to take a stand. Bitcoin is slowly rising and it is trading nicely above $5,200 against the US Dollar. A break above $5,600 is likely to lead the price towards the $6,000 resistance. There is a short term contracting triangle forming with resistance near $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could test the…

Here’s Why Bitcoin Bears Must Wait for $6K Considering A Correction Is Due

boss

Bitcoin is showing signs of a decent recovery above $5,000 against the US Dollar. BTC price could recover further towards the $6,000 resistance, where the bears are likely to take a stand. Bitcoin is slowly rising and it is trading nicely above $5,200 against the US Dollar. A break above $5,600 is likely to lead the price towards the $6,000 resistance. There is a short term contracting triangle forming with resistance near $5,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could test the…